🕐13.01.11 - 00:27 Uhr
International Millennium Commences Drilling Nivloc Mine Property In Nevada
INTERNATIONAL MILLENNIUM COMMENCES DRILLING NIVLOC MINE PROPERTY IN
NEVADA
North Vancouver, BC: International Millennium Mining Corp.
(“IMMC” of the “Company”) announces that a drilling program
is underway on the Company’s Nivloc Mine property in Esmeralda
County Nevada.
The initial drilling program of up to 8,200 ft.,
planned by and carried out under the supervision of Tom Evans,
California Professional Geologist, and a Qualified Person, under NI
43-101, is targeted to test the northwest dipping Nivloc vein at the
800 to 900 ft.
levels, down to the 1,050 ft.
level of the Nivloc
Mine.
The Nivloc mine is located in Nevada’s Walker Lane trend
approximately 38 miles southwest of the city of Tonopah and 6.9 miles
southwest of the community of Silver Peak.
The property is accessible
by State Highway and local road and comprises 29 claims, including
three claims covering the mine workings, nine additional claims
staked by the Company and most recently, eighteen (18) claims under
terms of letter of intent with Silver Reserve Corp.
(SRC) with
finalization of a formal option and joint venture agreement expected
shortly (see the Company’s October 14, 2010, news release).
The history of the Nivloc, is described in a July 2009, NI 43-101
Report on the Nivloc Silver Property by Coast Mountain Geological Ltd
(Coast Mountain 2009) done for Silver Reserve Corp.
The report
includes the following description of the mine’s production history
between 1930 and 1943 following acquisition of the mine by Fred A.
Vollmer in the early 1930’s (Whiteley 1934).
“Mr.
Vollmer sold
the mine to Bralorne Ltd.
of Canada (Bralorne) for about $450,000 in
1937 (Nivloc Mines 1946).
Bralorne operated the mine under the name
Desert Silver Inc.
(Ebbley 1964).
A cyanide mill with a 200 ton per
day capacity was built, and began operation in October, 1937.
It
operated continuously until July, 1943, producing 364,064 tons from
which 4,675,408 ounces of silver and 18,795 ounces of gold were
extracted.
The ore had an average grade of 12.84 ounces silver and
0.0516 ounces gold.
From 1938 to 1942 the Nivloc mine was Nevada’s
largest silver producer (Hughes 1946).” The report includes the
following comments on mine infrastructure at the Nivloc prior to
1943, when war time labour and material shortages resulted in closure
of the mine.
“Including shafts, raises, winzes and levels, a total
of 24,000 ft.
had been developed by 1943.
Lateral development of the
mine opened the vein for a distance of 3,000 ft.
on several levels
with no indication of decreasing mineralization at either end (Hughes
1946).
The shaft had been developed down to 600 ft.
A level had been
developed at 600 ft.
and from it a winze had been driven to the 900
ft.
level.
On the 900 ft.
level another winze was sunk to the 1,100
ft.
level.
The principal levels in the mine were the 440, 500, 600,
700, 800 and 900 ft.
Drifting along the vein included approximately
3,000 ft.
on the 440 ft.
level, 1,300 ft.
on the 500 ft.
level, 3,700
ft.
on the 600 ft.
level, 3,000 ft.
on the 700 level, 1,900 ft.
on the
800 level, and 900 ft.
on the 900 level.
(Nivloc Mines 1946).”
Tom Evans, California Professional Geologist, commenting on
historical resource estimates at the Nivloc, calculated prior to
development of NI 43-101 standards, and which therefore are not to be
relied upon, describes the vein deposit resource documented by
Anaconda Minerals and Desert Silver sampling and partially verified
in three (3) diamond drill core holes completed by Sunshine Mining
Company in 1985, wherein Sunshine Mining calculated a possible
(historic non NI 43-101 compliant) resource of 621,314 short tons at
a grade of 4.5 opt (ounces per ton) silver (Ag) and 0.03 opt gold
(Au) based on an assumed 12 feet mining width.
Mr.
Evans comments
that the Sunshine calculation is believed to be conservative in light
of Montreal geologist, H.J.
Bergmann, P.Eng statements in a 1956
report,representing the average grade mined at the Nivloc between
1937 and 1943, when a mill was operating at the Nivloc site, was 12.8
opt Ag and 0.05 opt Au.
Mr.
Evans advises that an August 1946, report
by Nivloc Mines, Inc.
states that some of the un-mined resource
averaged 12.2 opt Ag and 0.069 opt Au and that the same report
mentions five sections of mineralization of unknown size averaging
15-16 opt Ag and 0.10 opt Au.
These reports, advises Mr.
Evans, also
suggest that gold values appeared to be increasing with depth down
dip on the limonitic quartz-calcite vein structure.
The reader is
warned that data in these old reports are as yet unsubstantiated and
therefore cannot be relied upon.
The Coast Mountain 2009, report for SRC describes the following
encouraging results of a drill program consisting of five (5) reverse
circulation and two (2) diamond drill holes completed for SRC in 2008
in an area some 3,300 ft.
southwest of the Nivloc mine shaft: “In
RNL-5 the interval from 375-380 ft.
ran 727.6 ppm Ag and 652 ppb
Au.”
“Diamond drill core holes CNL-1 and CNL-2 were drilled in the area
of RNL-5.
CNL-1 encountered 263.7 ppm Ag over 15 ft.
from 210-225 ft.
in quartz veining, and 247.3 ppm Ag with 2044 ppb Au from 344-349 ft.
in white to light grey quartz-carbonate vein with some open-space
growth textures.
Below, the interval from 354- 359 ft.
returned 144.6
ppm Ag and 1574 ppb Au.
In CNL-2 quartz veining in a fractured zone
with minor gouge development and limonite staining returned 750.4 ppm
Ag within the interval 236.5-239.5 ft.
Lower in the drill hole….
the
interval 383-393 ft.
returned 120.2 ppm Ag and 1718 ppb Au.” Tom
Evans, believes these holes suggest either a new zone or possibly a
faulted-off section of the Nivloc vein.
Mr.
Tom Evans, is the Company’s Qualified Person, under NI 43-101,
who has reviewed and approved the contents of this news release with
respect to the Nivloc property and the drill program underway.
The Company also advises that, following an initial geology work
program, it has terminated its agreement to acquire the Cumshewa
property in Haida Gwaii (Queen Charlotte Islands) British Columbia.
IMMC has also terminated its business consulting agreement with Pearl
Communications Ltd.
effective the end of December 2010.
About International Millennium Mining Corp
International Millennium Mining Corp.
is a mineral exploration and
development company engaged in acquiring known small mine deposits
world-wide and in the exploration of polymetallic mineral properties
in Canada and the Americas.
To date, the Company has acquired and is
exploring mineral properties in British Columbia and Ontario, Canada;
Nevada, USA; and Sonora State, Mexico.
Emerging mineral targets
include gold, silver, cobalt, molybdenum, zinc, lead, nickel, copper
and platinum group metals.
The Company’s common shares trade on the
TSX Venture Exchange under the symbol: IMI and on the Frankfurt
Exchange under the symbol: L9J.
ON BEHALF OF THE BOARD
John A.
Versfelt
John A.
Versfelt,
President and CEO
Further information about the Company can be found on SEDAR
(www.sedar.com) or by contacting Ms.
Sheri Barton: 403-217-5830
or Mr.
John Versfelt, President & CEO of the
Company at 604-984-9907.
* * * * * * *
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including
but not limited to comments regarding the timing and content of
upcoming work programs, geological interpretations, potential mineral
recovery processes and other business transactions timing.
Forward-looking statements address future events and conditions and
therefore, involve inherent risks and uncertainties.
Actual results
may differ materially from those currently
anticipated in such statements.
North Vancouver, BC: International Millennium Mining Corp.
(“IMMC” of the “Company”) announces that a
drilling program is underway on the Company’s Nivloc Mine property
in Esmeralda County Nevada.
The initial
drilling program of up to 8,200 ft., planned by and carried out
under the supervision of Tom Evans, California
Professional Geologist, and a Qualified Person, under NI 43-101, is
targeted to test the northwest dipping Nivloc
vein at the 800 to 900 ft.
levels, down to the 1,050 ft.
level of
the Nivloc Mine.
The Nivloc mine is located in Nevada’s Walker Lane trend
approximately 38 miles southwest of the city of
Tonopah and 6.9 miles southwest of the community of Silver Peak.
The
property is accessible by State
Highway and local road and comprises 29 claims, including three
claims covering the mine workings, nine
additional claims staked by the Company and most recently, eighteen
(18) claims under terms of letter of intent
with Silver Reserve Corp.
(SRC) with finalization of a formal option
and joint venture agreement expected
shortly (see the Company’s October 14, 2010, news release).
The history of the Nivloc, is described in a July 2009, NI 43-101
Report on the Nivloc Silver Property by Coast
Mountain Geological Ltd (Coast Mountain 2009) done for Silver
Reserve Corp.
The report includes the
following description of the mine’s production history between
1930 and 1943 following acquisition of the mine
by Fred A.
Vollmer in the early 1930’s (Whiteley 1934).
“Mr.
Vollmer sold the mine to Bralorne Ltd.
of
Canada (Bralorne) for about $450,000 in 1937 (Nivloc Mines 1946).
Bralorne operated the mine under the
name Desert Silver Inc.
(Ebbley 1964).
A cyanide mill with a 200 ton
per day capacity was built, and began
operation in October, 1937.
It operated continuously until July,
1943, producing 364,064 tons from which
4,675,408 ounces of silver and 18,795 ounces of gold were extracted.
The ore had an average grade of 12.84
ounces silver and 0.0516 ounces gold.
From 1938 to 1942 the Nivloc
mine was Nevada’s largest silver producer
(Hughes 1946).” The report includes the following comments on mine
infrastructure at the Nivloc prior to
1943, when war time labour and material shortages resulted in
closure of the mine.
“Including shafts, raises,
winzes and levels, a total of 24,000 ft.
had been developed by 1943.
Lateral development of the mine opened
the vein for a distance of 3,000 ft.
on several levels with no
indication of decreasing mineralization at either end
(Hughes 1946).
The shaft had been developed down to 600 ft.
A level
had been developed at 600 ft.
and from it
a winze had been driven to the 900 ft.
level.
On the 900 ft.
level
another winze was sunk to the 1,100 ft.
level.
The principal levels in the mine were the 440, 500, 600, 700, 800
and 900 ft.
Drifting along the vein included
approximately 3,000 ft.
on the 440 ft.
level, 1,300 ft.
on the 500
ft.
level, 3,700 ft.
on the 600 ft.
level, 3,000 ft.
on the 700 level, 1,900 ft.
on the 800 level, and 900 ft.
on the 900
level.
(Nivloc Mines 1946).”
Tom Evans, California Professional Geologist, commenting on
historical resource estimates at the Nivloc,
calculated prior to development of NI 43-101 standards, and which
therefore are not to be relied upon, describes
the vein deposit resource documented by Anaconda Minerals and Desert
Silver sampling and partially verified
in three (3) diamond drill core holes completed by Sunshine Mining
Company in 1985, wherein Sunshine
Mining calculated a possible (historic non NI 43-101 compliant)
resource of 621,314 short tons at a grade of 4.5
opt (ounces per ton) silver (Ag) and 0.03 opt gold (Au) based on an
assumed 12 feet mining width.
Mr.
Evans
comments that the Sunshine calculation is believed to be
conservative in light of Montreal geologist, H.J.
Bergmann, P.Eng statements in a 1956 report,representing the average
grade mined at the Nivloc between 1937
and 1943, when a mill was operating at the Nivloc site, was 12.8 opt
Ag and 0.05 opt Au.
Mr.
Evans advises
that an August 1946, report by Nivloc Mines, Inc.
states that some
of the un-mined resource averaged 12.2 opt
Ag and 0.069 opt Au and that the same report mentions five sections
of mineralization of unknown size
averaging 15-16 opt Ag and 0.10 opt Au.
These reports, advises Mr.
Evans, also suggest that gold values
appeared to be increasing with depth down dip on the limonitic
quartz-calcite vein structure.
The reader is
warned that data in these old reports are as yet unsubstantiated and
therefore cannot be relied upon.
The Coast Mountain 2009, report for SRC describes the following
encouraging results of a drill program
consisting of five (5) reverse circulation and two (2) diamond drill
holes completed for SRC in 2008 in an area
some 3,300 ft.
southwest of the Nivloc mine shaft: “In RNL-5 the
interval from 375-380 ft.
ran 727.6 ppm Ag
and 652 ppb Au.”
“Diamond drill core holes CNL-1 and CNL-2 were drilled in the area
of RNL-5.
CNL-1 encountered 263.7 ppm
Ag over 15 ft.
from 210-225 ft.
in quartz veining, and 247.3 ppm Ag
with 2044 ppb Au from 344-349 ft.
in
white to light grey quartz-carbonate vein with some open-space
growth textures.
Below, the interval from 354-
359 ft.
returned 144.6 ppm Ag and 1574 ppb Au.
In CNL-2 quartz
veining in a fractured zone with minor gouge
development and limonite staining returned 750.4 ppm Ag within the
interval 236.5-239.5 ft.
Lower in the drill
hole….
the interval 383-393 ft.
returned 120.2 ppm Ag and 1718 ppb
Au.” Tom Evans, believes these holes
suggest either a new zone or possibly a faulted-off section of the
Nivloc vein.
Mr.
Tom Evans, is the Company’s Qualified Person, under NI 43-101,
who has reviewed and approved the
contents of this news release with respect to the Nivloc property
and the drill program underway.
The Company also advises that, following an initial geology work
program, it has terminated its agreement to
acquire the Cumshewa property in Haida Gwaii (Queen Charlotte
Islands) British Columbia.
IMMC has also
terminated its business consulting agreement with Pearl
Communications Ltd.
effective the end of December
2010.
About International Millennium Mining Corp
International Millennium Mining Corp.
is a mineral exploration and
development company engaged in acquiring
known small mine deposits world-wide and in the exploration of
polymetallic mineral properties in Canada and
the Americas.
To date, the Company has acquired and is exploring
mineral properties in British Columbia and
Ontario, Canada; Nevada, USA; and Sonora State, Mexico.
Emerging
mineral targets include gold, silver,
cobalt, molybdenum, zinc, lead, nickel, copper and platinum group
metals.
The Company’s common shares
trade on the TSX Venture Exchange under the symbol: IMI and on the
Frankfurt Exchange under the symbol:
L9J.
ON BEHALF OF THE BOARD
John A.
Versfelt
John A.
Versfelt,
President and CEO
Further information about the Company can be found on SEDAR
(www.sedar.com) or by contacting Ms.
Sheri Barton: 403-217-5830
or Mr.
John Versfelt, President & CEO of the
Company at 604-984-9907.
* * * * * * *
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release may contain forward-looking
statements including but not limited to comments regarding the
timing and content of upcoming work programs, geological
interpretations, potential mineral recovery processes and other
business transactions timing.
Forward-looking statements address
future
events and conditions and therefore, involve inherent risks and
uncertainties.
Actual results may differ materially from those
currently
anticipated in such statements.
--
Remove,
http://sandmannews.com/contact/?p=unsubscribe&uid=af6e690091d62eb81f27a72eeb16525b